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Germany: EU approves EUR 46 billion Bavarian Fund for liquidity and capital support (COVID-19)

Description

On 20 August 2020, the EU approved a EUR 46 billion (approx. USD 54.6 billion) German state aid scheme composed of a Bavarian Fund oriented to stabilize the real economy and safeguard employment in th...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

20 Aug 2020

Revocation date

31 Dec 2020

Implementation level

Subnational

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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